D.R. Horton cuts 2026 outlook: Citi cuts target for D.R. Horton stock to USD 150.00

Published on 10/25/2026 at 02:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Guidance is USD 32.5 billion to USD 33.0 billion after 20 percent cancellations. Results test D.R. Horton stock on October 29 at USD 3.01 earnings per share.

Housing outlook and valuation

D.R. Horton cut fiscal 2026 revenue guidance to USD 32.5 billion to USD 33.0 billion on October 22, 2026.
Citi lowered its D.R. Horton target from USD 160.00 to USD 150.00 on October 15, 2026.
D.R. Horton stock was last at EUR 131.75 on Tradegate on October 23, 2026.

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D.R. Horton cut its fiscal 2026 revenue outlook to USD 32.5 billion to USD 33.0 billion on October 22, 2026, while Citi had cut its target from USD 160.00 to USD 150.00 on October 15, 2026. Yahoo Finance linked the guidance reset to weaker sales, higher mortgage costs and a 20 percent cancellation rate.

Why the outlook changed

The revised range puts demand and margins at the center of the upcoming report. The same October 22 account said softer earnings per share and higher lot costs were adding pressure, making the cancellation rate a direct test of pricing power and production discipline.

D.R. Horton's latest reported quarter, released on July 21, 2026, produced USD 9.23 billion in revenue and USD 3.20 in earnings per share, compared with consensus of USD 9.10 billion and USD 3.02, respectively. MarketBeat reported that earnings per share were USD 3.36 in the comparable quarter, so the latest USD 3.20 result represented a USD 0.16 decline year over year.

What changed over twelve months

On September 22, 2026, BTIG reiterated a Buy rating with a USD 174.00 target. On October 15, 2026, Citi reduced its target from USD 160.00 to USD 150.00. On October 22, 2026, D.R. Horton cut fiscal 2026 revenue guidance to USD 32.5 billion to USD 33.0 billion. The target changes and outlook reset show how the discussion has shifted from cash returns toward demand and margin execution.

What dates matter next

The next substantiated date is October 29, 2026, when D.R. Horton is expected to report fiscal fourth-quarter results before the US market opens. MarketBeat cited consensus of USD 3.01 in earnings per share and USD 9.07 billion in revenue for that quarter.

Stock context after the reset

The stock was last at EUR 131.75 on Tradegate on October 23, 2026. The primary NYSE quote stood at USD 147.48 at the October 23, 2026 close, against a 52-week range of USD 130.40 to USD 170.79 and a market capitalization of USD 41.3 billion. The combination of a lower revenue range, a 20 percent cancellation rate and the October 29 reporting date leaves orders, incentives and gross margin as the key figures for the next update.

The further course of trading is shown by the continuously updated real-time quote of D.R. Horton stock.